For the most recent quarter the company reported GAAP net income of $8.4 million, after reporting a loss in the same period yoy. On a non-GAAP EPS basis, Infinera Corp. said it recorded 13 cents versus expectations of 11 cents.

INFN shares recently gained $2.20 to $16.60. The stock is up more than 88.98% year-over-year while losing roughly 2.17% year-to-date. In the past 52 weeks, shares of Sunnyvale, Calif.-based company have traded between a low of $6.96 and a high of $15.74.

Infinera Corporation closed Thursday at $14.40. The name has a total market cap of $1.80 billion.

E*TRADE Financial Corporation (ETFC) shares surged 6% to $23.97 in pre-market trading, after the discount brokerage reported Q4 adjusted EPS of $0.26 per share, 3 cents above estimates. Revs came in at $461 million, also topping Street forecasts. Analysts expected $444.6 million. Following the company’s results, Credit Suisse upgraded E*Trade Financial from ‘Neutral’ to ‘Outperform’ and raised its 12-month base case estimate from $24.00 to $28.00. The firm said it believes the name is on the path to unlock substantial value following regulatory approval to operate E*Trade bank at 9.0% Tier 1 leverage ratio.

ETFC shares recently gained $1.26 to $23.91. In the past 52 weeks, shares of New York-based financial services company have traded between a low of $18.20 and a high of $25.58. Shares are up 5.30% year-over-year ; down 6.64% year-to-date.

Apple (AAPL) – The iPhone maker will have an opening on its board of directors. J. Crew Inc. Chief Executive Millard “Mickey” Drexler, who has served as an Apple director since 1999, has informed the company that he plans to step down when his term expires in March, according to a regulatory filing from Thursday. Apple also revealed that Tim Cook raked in $9.22 million in total compensation last year, more than double the $4.25 million received in 2013.

Shares of Apple are trading down $0.43 to $111.97 in pre-market trading.

FXCM Inc. (FXCM) – The stock is down nearly 15% to $2.64 in early trading Friday following Ctigroup (C) comments which suggested shares of the New York-based online foreign exchange (FX) trading service provider are trading at unsustainable levels. FXCM has a median consensus analyst price target of $4.50, and a 52-week trading range of $1.28 to $17.97. The stock is down more than 83% year-over-year and has lost roughly 84% year-to-date.

FXCM Inc. has a current market cap of $146 million.

Vitae Pharmaceuticals, Inc. (VTAE) shares are up 12% in recent trading to $13.41 after the company announced the pricing of its follow-on public offering of 3 million shares of its common stock at $11.90 per share. Vitae said the offering is expected to close on or about January 28, 2015. Stifel, BMO Capital Markets and Piper Jaffray & Co. are acting as joint book-running managers and JMP Securities and Wedbush PacGrow Life Sciences are acting as co-managers for the offering.